VANCOUVER WEST JUNE HOUSE MARKET
Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.
The News Release implies that Buyers should not wait much longer to take advantage of the current high inventory, low interest rates and stable prices as there is now cautious optimism for Greater Vancouver Real Estate. While most segments of the market remain in balance and thus moderating prices, last month’s sales declined by half of the drop seen in May, which means inventory levels are escalating less. This is perceived as an emerging sign of recovery. Year to year newly listed properties are up 10.3 percent while last month’s total inventory is 23.8 percent higher than June 2024. This June recorded a 9.8 percent decrease in residential sales compared to last June while the composite value of all properties is 2.8 percent lower June to June.
The graph shows a 1.6 percent rise from May to June for the average price of Metro Vancouver detached properties. The benchmark price for houses in June 2025 is 3.2 percent below the previous June. Year to year the volume of detached home sales drops 5.3 percent.
Last month versus June 2024, Vancouver west detached prices dip 4.5 percent. West side house sales fall 18 percent year to year. Inventory declines 3.1 percent this June compared to the previous June.
From May to June west side house sales are up 28.3 percent. Month to month detached inventory is down 14.6 percent.